| Facilities      Agreement                     |
|-----------------------------------------------|
| for      a                                    |
| US$145,000,000      Term Loan                 |
| and      a                                    |
| US$150,000,000      Revolving Credit Facility |
|                                          |   |
| to                                            |
| OMEGA      NAVIGATION ENTERPRISES, INC.       |
|                                          |   |
| provided      by the                          |
| banks      and financial institutions         |
| listed      in Schedule 1                     |
|                                          |   |
| Arranger                                      |
| HSH      NORDBANK AG                          |
|                                          |
| Swap      Bank                                |
| HSH      NORDBANK AG                          |
|                                          |
| Agent                                         |
| HSH      NORDBANK AG                          |
|                                          |

----

| Clause                     |                                                                  | PAGE   |
|----------------------------|-----------------------------------------------------------------------|--------|
|                       |                                                                  |   |
| 1                          | Definitions                                                           | 2      |
|                       |                                                                  |   |
| 2.                         | Banks’      and Agent’s consent                           | 3      |
|                       |                                                                  |   |
| 3.                         | Amendments      to the Principal Agreement and the Security Documents | 3      |
|                       |                                                                  |   |
| 4.                         | Representations      and warranties                                   | 6      |
|                       |                                                                  |   |
| 5.                         | Conditions                                                            | 8      |
|                       |                                                                  |   |
| 6.                         | Fee                                                                   | 8      |
|                       |                                                                  |   |
| 7.                         | Expenses                                                              | 8      |
|                       |                                                                  |   |
| 8.                         | Miscellaneous      and notices                                        | 9      |
|                       |                                                                  |   |
| 9.                         | Law      and jurisdiction                                             | 9      |
|                       |                                                                  |   |
| Schedule      1            |                                                                  | 10     |
|                       |                                                                  |   |
| Schedule      2Part      1 | 11                                                                    |
|                       |                                                                  |   |
| Schedule      3            |                                                                  | 17     |

----

| (1)   | OMEGA NAVIGATION ENTERPRISES,      INC. as borrower (the "Borrower"); |
|-----------------|-----------------------------------------------------------------------|

| (2)   | the      banks and financial institutions whose names and addresses are set out in      Schedule 1 (the "Banks"); |
|-----------------|-------------------------------------------------------------------------------------------------------------------|

| (3)   | HSH NORDBANK AG in its      capacity as mandated lead arranger (the "Arranger"); |
|-----------------|----------------------------------------------------------------------------------|

| (4)   | HSH NORDBANK AG in its      capacity as swap bank (the "Swap Bank");      and |
|-----------------|-------------------------------------------------------------------------------|

| (5)   | HSH NORDBANK AG in its      capacity as agent, security agent and trustee (the "Agent"). |
|-----------------|------------------------------------------------------------------------------------------|

| (A)   | This      Deed is supplemental to a facilities agreement dated 7 April 2006 (the      "OriginalAgreement") as amended      and supplemented by a first supplemental  deed dated 28 July      2006 (the "First      Supplemental" and together with the Original Agreement, the "Principal Agreement")      each made between (1) the Borrower, (2) the Banks, (3) the Arranger,      (4) the Swap Bank and (5) the Agent as agent, security agent and trustee      on behalf of the Finance Parties (as therein defined), pursuant to which      the Banks agreed (inter alia) to advance by way of a term loan facility      ("Facility A") and      a revolving credit facility ("Facility B") to the      Borrower the principal sum of up to two hundred and ninety five million      Dollars ($295,000,000) (the "Facility") in respect of      which Facility A is not to exceed one hundred and forty five million      Dollars ($145,000,000) and Facility B is not to exceed one hundred and      fifty million Dollars ($150,000,000), upon the terms and conditions      contained in the PrincipalAgreement. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (B)   | The      Borrower has agreed to purchase from Retro Investments S.A. and Kamsea      Navigation Inc. (together, the "Sellers") two product      carriers which are currently under construction and scheduled for delivery      by the Sellers on March 23, 2007 and April 26, 2007, respectively,      pursuant to two memoranda of agreement both dated 7 February 2007      (together, the "MOAs") at an aggregate      Contract Price of one hundred and twenty nine million Dollars      ($129,000,000) comprising a Contract Price of sixty four million five      hundred thousand Dollars ($64,500,000) for each such ship (together, the      "New      Ships"). |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (C)   | The      Borrower has requested that the Banks make available a part of the Loan      not exceeding the lesser of (a) ninety four million three hundred and      seventeen thousand three hundred and forty nine Dollars and fourteen cents      ($94,317,349.14) and (b) seventy three point twelve per cent (73.12%) of      the lower of the aggregate Contract Prices and the Fair Market Values on      the date of signing of this Deed, which is to be applied by the Borrower      in making available to the relevant Additional Owners intra-group loans      under the Intra- Group Loan Agreements to allow the relevant Additional      Owners to finance part of the Contract Prices of both New Ships, and      comprising one tranche for each New Ship each not exceeding the lower of      (a) forty seven million one hundred and fifty eight thousand six hundred      and seventy four Dollars and fifty seven cents ($47,158,674.57) and (b)      the lower of seventy three point twelve per cent (73.12%) of the Contract      Price and the Fair Market Value on the date of signing of this      Deed. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (D)   | For      the purposes of Recital (C), the Borrower has requested that part of      Facility A, in the amount of thirty eight million one hundred and one      thousand seven hundred and twenty four Dollars and fourteen cents      ($38,101,724.14) be made available for borrowing again (once only) and      that this sum, together with a sum of fifty six million two hundred and      fifteen thousand six hundred and twenty five Dollars ($56,215,625)      comprising part of Facility B, be used for financing the acquisition of      the New Ships. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (E)   | The      Borrower has requested that the New Ships comprise Additional Ships for      the purposes of the Principal Agreement and that the Principal Agreement      be further supplemented and amended and for the purposes, inter alia, of      effecting the foregoing, this Deed sets out the terms and conditions upon      which the Finance Parties shall, at the request of the Borrower, agree to      such amendment. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 1 | Definitions |
|---|-------------|

|   | 1.1 | Defined      expressions |
|--------|-----|--------------------------|

|       |   | Words      and expressions defined in the Principal Agreement shall, unless the      context otherwise requires or unless otherwise defined herein, have the      same meanings when used in thisDeed. |
|--------------------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 1.2 | Definitions |
|--------|-----|-------------|

|   |   | In      this Deed, unless the context otherwise  requires: |
|--------|--------|------------------------------------------------------------|

|   |   | "Effective Date" means      the date, being no later than 23 March 2007, on which the Agent notifies      the Borrower in writing that the Agent has received the documents and      evidence specified in Clause 5.1 required on or prior to the first      Drawdown Date to occur in a form and substance satisfactory to      it; |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   | "Facilities Agreement"      means the Original Agreement as supplemented and amended by the First      Supplemental and this Deed; |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------|

|   |   | "First Supplemental"      means the supplemental deed dated 28 July 2006;  and |
|--------|--------|--------------------------------------------------------------------------------|

|   |   | "Supplemental Security Documents      Letters" means the letters supplemental to the Owner's Guarantees      and each of the other Security Documents to which the Owners are a party      executed or (as the context may require) to be executed by each of the      Owners in favour of the Agent and the Banks substantially in the form set      out in Schedule 3. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 1.3 | Principal      Agreement |
|--------|-----|--------------------------|

|   |   | References      in the Principal Agreement to "this Agreement" shall, with effect from the      Effective Date and unless the context otherwise requires, be references to      the Original Agreement as amended by the First Supplemental and this Deed      and words such as "herein", "hereof", "hereunder", "hereafter", "hereby"      and "hereto", where they appear in the Original Agreement, shall be      construed accordingly. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | 1.4 | Headings |
|--------|-----|----------|

|   |   | Clause headings      and the table of contents are inserted for convenience of reference only      and shall be ignored in the interpretation of this  Deed. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 1.5 | Construction      of certain terms |
|--------|-----|------------------------------------|

|   |   | Clause 1.4      of the Original Agreement shall apply to this Deed (mutatis mutandis) as      if set out herein and as if references therein to "this Agreement" were      references to this Deed. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 1.6 | Contracts      (Rights of Third Parties) Act 1999 |
|--------|-----|---------------------------------------------------|

|   |   | No      term of this Deed is enforceable under the Contracts (Rights of Third      Parties) Act 1999 by a person who is not a party to this    Deed. |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2 | Banks’      and Agent’s consent |
|---|---------------------------------------------|

|   | The      Banks and the Agent (relying upon each of the representations and      warranties on the part of the Borrower contained in clause 4) agree      with the Borrower and, subject to the terms and conditions of this Deed      and in particular, but without prejudice to the generality of the      foregoing, fulfilment to the satisfaction of the Agent on or before the      Effective Date of the conditions contained in clause 5,      the Banks and the Agent hereby agree to the amendment of the Principal      Agreement on the terms set out in clause 3. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3 | Amendments      to the Principal Agreement and the Security  Documents |
|---|------------------------------------------------------------------------|

|   | 3.1 | Amendments      to the Principal Agreement |
|--------|-----|--------------------------------------------|

|   |   | The      Principal Agreement shall, with effect on and from the Effective Date, be      (and it is hereby) amended in accordance with the following provisions and      the Principal Agreement (as so amended) will continue to be binding upon      each of the parties hereto upon such terms as so  amended: |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   | 3.1.1 | by      constructing clause 1.1 of the Original Agreement to include the      additional provisions contained in Recitals (A) to (E) inclusive of this      Deed; |
|--------|--------|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   | 3.1.2 | by      inserting the following new definition in clause 1.2 of the Principal      Agreement: |
|--------|--------|-------|-----------------------------------------------------------------------------------------------|

|   |   |   | ""New Fee Letter" means      the letter dated     March 2007 executed between      the Borrower, the Agent and the Arranger, setting out the fees to be paid      by the Borrower to the Agent and theArranger;" |
|--------|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   | 3.1.3 | by      inserting the following new definition in clause 1.2 of the Principal      Agreement: |
|--------|--------|-------|-----------------------------------------------------------------------------------------------|

|   |   |   | ""Warrants" means the zero      coupon warrants (convertible into Omega class A common shares by not      earlier than 31 March 2009) in the Borrower to be purchased by, and issued      to, the sellers of the Two Additional Ships in the aggregate amount of      nine million Dollars ($9,000,000)." |
|--------|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   | 3.1.4 | by      adding at the end of the definitions of "Borrowed Money" in clause 1.2 of      the Principal Agreement the additional wording "and excluding the      Warrants". |
|--------|--------|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   |   | 3.1.5 | by      adding at the end of the definition of "Current Liabilities" in clause 8.6      of the Principal Agreement the additional wording "and excluding the      Warrants". |
|--------|--------|-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   | 3.1.6 | by      inserting the following new definitions in clause 1.2 of the Principal      Agreement: |
|--------|--------|-------|------------------------------------------------------------------------------------------------|

|   |   |   | ""New Ship A" means the      product carrier of approximately 74,200 dwt currently under construction      by STX Shipbuilding Co., Ltd. (the "Builder") with hull      number S-1205 to be acquired by the relevant Additional Owner and      everything now or in the future belonging on it on board and      ashore"; |
|--------|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   |   | ""New Ship B" means the      product carrier of approximately 74,200 dwt currently under construction      the Builder with hull number S-1206 to be acquired by the relevant      Additional Owner and everything now or in the future belonging on it on      board and ashore"; |
|--------|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   |   | "Two Additional Ships"      means, together, New Ship A and New ShipB. |
|--------|--------|--------|------------------------------------------------------------------------|

|   |   | 3.1.7 | by      inserting the following new definition in clause 1.2 of the Principal      Agreement: |
|--------|--------|-------|-----------------------------------------------------------------------------------------------|

|   |   |   | ""Second Supplemental      Agreement" means the Agreement      dated       March 2007 supplemental to      this Agreement made between (1) the Borrower, (2) the Banks, (3) the      Arranger, (4) the Swap Bank and (5) theAgent;"; |
|--------|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   | 3.1.8 | by      deleting and replacing sub-clause (a) of the definition of "Termination      Date" in clause 1.2 of the Principal Agreement as  follows: |
|--------|--------|-------|--------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   |   | ""Termination Date"      means: |
|--------|--------|--------|---------------------------------|

|   |   |   | (a)   in      relation to Facility A, the date which is the earlier of (i) the date upon      which the final drawdown with respect to the Two Additional Ships occurs      and (ii) 31 May 2007; and" |
|--------|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   | 3.1.9 | by      inserting the words "(as supplemented and amended from time to time      including, without limitation, by the First Supplemental Deed and the      Second Supplemental Deed)", after the words "this Agreement" in paragraph      (b) of the definition of "Security Documents" in      clause 1.2 of the PrincipalAgreement;"; |
|--------|--------|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   | 3.1.10 | by      deleting sub-clause (a) of clause 2.6.8 of the Principal Agreement and      replacing it with the followingsub-clause: |
|--------|--------|--------|--------------------------------------------------------------------------------------------------------------------------------|

|   |   |   | "(a)      the ratio of Total Debt to Fleet Market Value not exceeding sixty percent      (60%) both prior to and following the drawdown of the relevant Advance of      Facility B (other than Advances of Facility B relating to the Two      Additional Ships) and the ratio of Total Debt to Fleet Market Value not      exceeding sixty five percent (65%) both prior to and following the      drawdown of the relevant Advance of Facility B relating to the Two      Additional Ships." |
|--------|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   | 3.1.11 | by      inserting the following new clause 2.12 in the Principal      Agreement: |
|--------|--------|--------|----------------------------------------------------------------------------------|

----

|   |   |   | "2.12      In relation to each of the Two Additional Ships, the Banks agree,      according to their several obligations, to make available to the Borrower      an aggregate amount not exceeding the lesser of (a) seventy three point      twelve per cent (73.12%) of the lower of the aggregate Contract Price of      the Two Additional Ships and their Fair Market Value on the date of      signing of this Deed and (b) ninety four million three hundred and      seventeen thousand three hundred and forty nine Dollars and fourteen cents      ($94,317,349.14), which shall be made available by (a) re-committing for      reborrowing again (once only) an amount of thirty eight million one      hundred and one thousand seven hundred and twenty four Dollars and      fourteen cents ($38,101,724.14) from the Facility A and (b) drawing an      amount of fifty six million two hundred and fifteen thousand six hundred      and twenty five Dollars ($56,215,625) from Facility B such amounts to be      combined and to comprise two Advances one for each of the Two Additional      Ships in each case not exceeding the lesser of (a) forty seven million one      hundred and fifty eight thousand six hundred and seventy four Dollars and      fifty seven cents ($47,158,674.57) and (b) seventy three point twelve per      cent (73.12%) of the lesser of the Contract Price and the Fair Market      Value of the relevant Additional Ship on the date of signing of this Deed.      The Agent herby confirms that the Two Additional Ships meet the Additional      Ship Selection Criteria, and are hereby approved by the Agent as      Additional Ships and shall hereby be construed to comprise Additional      Ships for the purposes of thisAgreement." |
|--------|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   | 3.1.12 | by      deleting clause 4.2.1 (a) of the Principal Agreement and replacing it with      the following clause: |
|--------|--------|--------|---------------------------------------------------------------------------------------------------------------|

|   |   |   | “4.2.1      Subject as hereinafter provided, the Borrower shall  repay: |
|--------|--------|--------|-------------------------------------------------------------------------------|

|   |   | (a) | each      Advance of Facility B (other than Advances of Facility B relating to the      Initial Ships, which shall be calculated in accordance with clause 4.2.1      (b) (other than Everhard, the repayment provisions for which shall be      calculated in accordance with this clause 4.2.1(a) and other than Advances      of Facility B relating to the Two Additional Ships, which shall be      calculated in accordance with clause 4.2.1 (c)) by instalments payable on      each of the Facility B Repayment Dates applicable to such Advance and in      any event by the Final Repayment Date.  The repayment      instalments of each such Advance of Facility B shall be calculated by the      Agent in accordance with the followingformula: |
|--------|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   |   | Amount ofAdvance |
|--------|--------|--------|------------------|

|   |   |   | 2      x (16 - (YA - YB)) |
|--------|--------|--------|---------------------------|

|   |   |   | Where: |
|--------|--------|--------|--------|

|   |   |   | YA      is the year of acquisition of the relevant Ship and YB is the year of      construction of the relevant Ship, but so that any part of an Advance not      fully amortised using such calculation shall form part of the final      repayment instalment of the relevant Advance;  and |
|--------|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   | (b) | each      Advance of Facility B relating to the Initial Ships (other than Everhard)      by instalments payable on each of the Facility B Repayment Dates      applicable to such Advance and in any event by the Final Repayment      Date.  The repayment instalments of each such Advance of      Facility B shall be calculated to reflect a 16 years amortisation profile      down to zero. |
|--------|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   |   |   | If      the aggregate of the Advances of Facility B relating to the Initial Ships      (other than Ekavi, Electra and Everhard) is less than thirty four million      one hundred thousand Dollars ($34,100,000), the amount of each repayment      instalment shall be reducedproportionately.”; |
|--------|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   | (c) | each      Advance of Facility B relating to each of the Two Additional Ships by      instalments payable on each Facility B Repayment Date applicable to such      Advance and in any event by the Final Repayment Date.  The      repayment instalments of each such Advance of Facility B shall be      calculated to reflect an 18 years amortisation profile down to      zero. |
|--------|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3.2 | Continued      force and effect |
|--------|-----|---------------------------------|

|   |   | Save      as amended by this Deed and such alterations and variations as may be      necessary to make the Principal Agreement and the Security Documents      consistent with this Deed, the provisions of the Principal Agreement and      the other Security Documents shall continue in full force and effect and      the Principal Agreement and this Deed shall be read and construed as one      instrument. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4 | Representations      and warranties |
|---|-------------------------------------|

|   | 4.1 | Primary      representations and warranties |
|--------|-----|---------------------------------------------|

|   |   | The      Borrower represents and warrants to the Banks and the Agent      that: |
|--------|--------|---------------------------------------------------------------------------------|

|   |   | 4.1.1 | Existing      representations and warranties |
|--------|--------|-------|----------------------------------------------|

|   |   |   | The      representations and warranties set out in clause 7 of the Principal      Agreement were true and correct on the date of the Principal Agreement and      are true and correct, including to the extent that they may have been or      shall be amended by this Deed, as if made at the date of this Agreement      with reference to the facts and circumstances existing at such      date. |
|--------|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   | 4.1.2 | Corporate      power |
|--------|--------|-------|----------------------|

|   |   |   | The      Borrower has power to execute, deliver and perform its obligations under      this Deed and all documents and other instruments to be executed by it in      accordance with this Deed to which it is or is to be a party and all      necessary corporate, shareholder and other action has been taken by the      Borrower to authorise the execution, delivery and performance of this Deed      and all documents and other instruments to which it is or is to be a      party. |
|--------|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   | 4.1.3 | Binding      obligations |
|--------|--------|-------|--------------------------|

|   |   |   | This      Deed constitutes valid and legally binding obligations of the Borrower      enforceable in accordance with itsterms. |
|--------|--------|--------|--------------------------------------------------------------------------------------------------------------------------------|

----

|   |   | 4.1.4 | No      conflict with other obligations |
|--------|--------|-------|-----------------------------------------|

|   |   |   | The      execution, delivery and performance of this Deed by the Borrower will not      (a) contravene any existing law, statute, rule or regulation or any      judgment, decree or permit to which the Borrower is subject, (b) conflict      with, or result in any breach of any of the terms of, or constitute a      default under, any agreement or other instrument to which the Borrower is      a party or is subject or by which it or any of its property is bound or      (c) contravene or conflict with any provision of the constitutional      documents of the Borrower or (d) result in the creation or imposition of      or oblige the Borrower to create any Encumbrance (other than a Permitted      Encumbrance) on any of the undertaking, assets, rights or revenues of the      Borrower. |
|--------|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   | 4.1.5 | No      filings required |
|--------|--------|-------|--------------------------|

|   |   |   | It      is not necessary to ensure the legality, validity, enforceability or      admissibility in evidence of this Deed that it or any other instrument be      notarised, filed, recorded, registered or enrolled in any court, public      office or elsewhere in any Relevant Jurisdiction or that any stamp,      registration or similar tax or charge be paid in any Relevant Jurisdiction      on or in relation to this Agreement and this Deed is in proper form for      its enforcement in the courts of each Relevant    Jurisdiction. |
|--------|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   | 4.1.6 | Choice      of law |
|--------|--------|-------|--------------------|

|   |   |   | The      choice of English law to govern this Deed and the submission by the      Borrower to the non-exclusive jurisdiction of the English courts are valid      and binding. |
|--------|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   | 4.1.7 | Consents      obtained |
|--------|--------|-------|------------------------|

|   |   |   | Every      consent, authorisation, licence or approval of, or registration or      declaration to, governmental or public bodies or authorities or courts      required by the Borrower in connection with the execution, delivery,      validity, enforceability or admissibility in evidence of this Agreement or      the performance by the Borrower of its obligations under this Agreement      has been obtained or made and is in full force and effect and there has      been no default in the observance of any conditions or restrictions (if      any) imposed in, or in connection with, any of the  same. |
|--------|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 4.2 | Repetition      of representations and warranties |
|--------|-----|---------------------------------------------------|

|   |   | Each      of the representations and warranties contained in clause 4.1 of this      Deed and clause 7 of the Principal Agreement shall be deemed to be      repeated by the Borrower on the Effective Date as if made with reference      to the facts and circumstances existing on such  day. |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 5 | Conditions |
|---|------------|

|   | 5.1 | Documents      and evidence |
|--------|-----|-----------------------------|

|   |   | The      agreement of the Banks and the Agent referred to in clause 2 shall be      subject to the receipt by the Agent or its duly authorised representative      of the relevant documents and evidence specified in Schedule 2 in      form and substance satisfactory to the Agent on or prior to the relevant      Drawdown Date. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 5.2 | General      conditions precedent |
|--------|-----|-----------------------------------|

|   |   | The      agreement of the Banks and the Agent referred to in clause 2 shall be      subject to: |
|--------|--------|------------------------------------------------------------------------------------------------------|

|   |   | 5.2.1 | the      representations and warranties in clause 4 being true and correct on      the Effective Date and each Drawdown Date as if each was made with respect      to the facts and circumstances existing at such  time; |
|--------|--------|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   | 5.2.2 | no      Default having occurred and continuing at the time of the Effective Date      and each Drawdown Date; and |
|--------|--------|-------|-------------------------------------------------------------------------------------------------------------------|

|   |   | 5.2.3 | all      expenses payable by the Borrower to the Agent and/or the Banks being paid      in full. |
|--------|--------|-------|--------------------------------------------------------------------------------------------------|

|   | 5.3 | Waiver      of conditions precedent |
|--------|-----|-------------------------------------|

|   |   | The      conditions specified in this clause 5      are inserted solely for the benefit of the Banks and the Agent and may be      waived by the Agent (acting on the instructions of the Majority Banks) in      whole or in part with or withoutconditions. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 5.4 | Security      Documents |
|--------|-----|-------------------------|

|   |   | The      Borrower further acknowledges and agrees, for the avoidance of doubt,      that: |
|--------|--------|-------------------------------------------------------------------------------------------|

|   |   | 5.4.1 | each      of the Security Documents to which it is a party, and its obligations      thereunder, shall remain in full force and effect notwithstanding the      amendments made to the Principal Agreement by this Agreement;      and |
|--------|--------|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   | 5.4.2 | with      effect from the Effective Date, references to "the Agreement" or "the      Facilities Agreement" in any of the Security Documents to which it is a      party shall henceforth be reference to the Principal Agreement as amended      by this Deed and as from time to time hereafter  amended. |
|--------|--------|-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6 | Fee |
|---|-----|

|   | The      Borrower hereby undertakes to pay a restructuring fee in accordance with      the terms of the relevant New FeeLetter. |
|--------|---------------------------------------------------------------------------------------------------------------------------------|

| 7 | Expenses |
|---|----------|

|   | The      Borrower hereby undertakes to pay all legal and other expenses or      disbursements incurred by the Bank in the negotiation, preparation and      execution of this Deed and in connection with the fulfilment of the      conditions specified inclause 5. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 8 | Miscellaneous      and notices |
|---|--------------------------------|

|   | 8.1 | Notices |
|--------|-----|---------|

|   |   | The      provisions of clause 17.1 of the Principal Agreement shall extend and      apply to the giving or making of notices or demands hereunder as if the      same were expressly stated herein. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 8.2 | Counterparts |
|--------|-----|--------------|

|   |   | This      Deed may be executed in any number of counterparts and by the different      parties on separate counterparts, each of which when so executed and      delivered shall be an original but all counterparts shall together      constitute one and the sameinstrument. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9 | Law      and jurisdiction |
|---|---------------------------|

|   | This      Deed shall be governed by, and construed in accordance with, English law      and the provisions of clause 18.2 of the Principal Agreement shall be      deemed incorporated herein mutatismutandis. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| Name                                                  | Address      and fax                                                                                                                                               |
|-------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| HSH      Nordbank AG                                  | Attn:   Shipping,      Greek ClientsGerhart-Hauptmann-Platz      5020095      HamburgGermany Fax:      + 49 40 3333 34118                      |
| Credit      Suisse                                    | Attn:   Ship      FinanceSGAS      6St.      Alban Graben 1-3P.O.      Box4002      BasleSwitzerland Fax:      +41 61 266 7939                 |
| The      Governor and Company of The Bank of Scotland | Attn:    Marine      FinanceSecond      FloorPentland      House8      Lochside AvenueEdinburgh      EH12 9DJ Fax:      + 44 131 658 3220 |
| Dresdner      Bank AG                                 | Attn:   Corporate      BankingJungfernstieg      2220349  HamburgGermany Fax:      +49 40 3501 4007                                  |

----

5.1

| 1   | Corporate      authorisation |
|---------------|------------------------------|

|   | (a)   | Constitutional      documents |
|--------|-----------------|-------------------------------|

|   | (b)   | Resolutions |
|--------|-----------------|-------------|

|   | (1)   | being      true and correct; |
|--------|-----------------|------------------------------|

|   | (2)   | being      duly passed at meetings of the directors of the Borrower and the Owners      duly convened and held; |
|--------|-----------------|-----------------------------------------------------------------------------------------------------------------|

|   | (3)   | not      having been amended, modified or revoked;and |
|--------|-----------------|-------------------------------------------------------|

|   | (4)   | being      in full force and effect |
|--------|-----------------|-------------------------------------|

|   | (c)   | Certificate      of incumbency |
|--------|-----------------|--------------------------------|

| 2   | Security      Documents |
|---------------|-------------------------|

----

| 3   | Consents |
|---------------|----------|

| 4   | Legal      opinions |
|---------------|---------------------|

| 5   | Payments |
|---------------|----------|

| 6   | Expenses |
|---------------|----------|

| 7   | Process      agent |
|---------------|--------------------|

| 8   | Fee |
|---------------|-----|

----

| (a)   | Conditions      precedent |
|-----------------|---------------------------|

| (b)   | No      claim |
|-----------------|---------------|

| (c)   | MOA |
|-----------------|-----|

| (d)   | No      variations to Contract |
|-----------------|--------------------------------|

| (e)   | No      Encumbrance |
|-----------------|---------------------|

| (f)   | Ship      conditions |
|-----------------|----------------------|

|   | (i)   | Registration      and Encumbrances |
|--------|-----------------|------------------------------------|

----

|   | (ii)   | Classification |
|--------|------------------|----------------|

|   | (iii)   | Insurance |
|--------|-------------------|-----------|

| (g)   | Security      documents and delivery documents |
|-----------------|------------------------------------------------|

| (h)   | Borrower’s      and Additional Owner’s further corporate  authorisations |
|-----------------|--------------------------------------------------------------------------------------|

| (i)   | Covenants      and approvals |
|-----------------|------------------------------|

| (j)   | Updated      certificates of incumbency |
|-----------------|-----------------------------------------|

----

| (k)   | Management |
|-----------------|------------|

| (l)   | Mortgage      registration |
|-----------------|----------------------------|

| (m)   | Notices      of assignment and acknowledgements |
|-----------------|-------------------------------------------------|

| (n)   | Bank      accounts |
|-----------------|--------------------|

| (o)   | Insurance      opinion |
|-----------------|------------------------|

| (p)   | Legal      opinions |
|-----------------|---------------------|

----

| (q)   | Borrower’s      and Additional Owner’s processagent |
|-----------------|-----------------------------------------------------------------|

| (r)   | Valuation |
|-----------------|-----------|

| (s)   | Manager’s      confirmation |
|-----------------|-----------------------------------|

| (t)   | Certificates      of financial responsibility |
|-----------------|-----------------------------------------------|

| (v)   | ISM      Code and ISPS Code documentation |
|-----------------|-------------------------------------------|

| (w)   | Fees,      commissions and expenses |
|-----------------|-------------------------------------|

| (x) | Chartering of the Additional      Ships evidence that the Additional Ship shall have an Acceptable      Employment in place."; |
|-----|--------------------------------------------------------------------------------------------------------------------------------|

----

| 1   | the      guarantee dated [●] (the "Guarantee") executed by us in favour of you (in      your capacity as Security Agent and Trustee for the Banks (as hereinafter      defined)) guaranteeing the obligations of Omega Navigation Enterprises,      Inc. (the "Borrower") to you and the Banks under the Facilities Agreement      (as supplemented and amended) made between (1) the Borrower, (2) the banks      and financial institutions whose names are set out in Schedule 1 Part 1 of      the Facilities Agreement (the "Banks") (3) yourselves in your capacity as      mandated lead arranger, (4) yourselves in your capacity as swap bank and      (5) yourselves in your capacity as Agent, security agent and trustee (the      "Agent"); and |
|---------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2   | each      of the Security Documents (as defined in the Facilities Agreement) to      which we are a party (together the "Security  Documents"); |
|---------------|-------------------------------------------------------------------------------------------------------------------------------------------------|

| (a)   | the      Guarantee and the Security Documents, and our obligations thereunder,      shall remain and continue in full force and effect notwithstanding the      said amendments to the Facilities Agreement contained in the Supplemental      Agreement; and |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| SIGNED,      SEALED and DELIVERED          | ) |                                                     |
|--------------------------------------------|---|----------------------------------------------------------|
| as      a DEED by                          | ) |                                                     |
| [THE      RELEVANT OWNER]                  | ) |                                                     |
| by                                         | ) |                                                     |
| [its      duly authorised attorney-in-fact | ) | ........................ |
| pursuant      to a power of attorney       | ) | [Attorney-in-fact]                                       |
| dated                                      | ) |                                                     |
| in      the presence of:]                  | ) |                                                     |

----

| SIGNED, SEALED and DELIVERED as      a DEED)                                                                                                                                                                                                                                                                                            | )      |                                                     |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------|
| by                                                                                                                                                                                                                                                                                                                                      | )      |                                                     |
| authorised      signatory for and on behalf of                                                                                                                                                                                                                                                                                          | )      |                                                     |
| OMEGA      NAVIGATION ENTERPRISES, INC.                                                                                                                                                                                                                                                                                                 | )      |                                                     |
| pursuant      to a Board Resolution                                                                                                                                                                                                                                                                                                     | )      | ........................ |
| dated                                                          2007 | )      | Attorney-in-fact                                         |
| in      the presence of:                                                                                                                                                                                                                                                                                                                | )      |                                                     |
|                                                                                                                                                                                                                                                                                                                                    |   |                                                     |
| ....................Witness                                                                                                                                                                                                                                                                                     |   |                                                     |
|                                                                                                                                                                                                                                                                                                                                    |   |                                                     |
| Name:                                                                                                                                                                                                                                                                                                                                   |   |                                                     |
| Address:Occupation:                                                                                                                                                                                                                                                                                                                     |   |                                                     |

| SIGNED,      SEALED and DELIVERED as a DEED                                                                                                                                                                                                                                                                                             | )      |                                                     |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------|
| by                                                                                                                                                                                                                                                                                                                                      | )      |                                                     |
| for      and on behalf of                                                                                                                                                                                                                                                                                                               | )      |                                                     |
| HSH      NORDBANK AG                                                                                                                                                                                                                                                                                                                    | )      |                                                     |
| pursuant      to a power of attorney                                                                                                                                                                                                                                                                                                    | )      | ........................ |
| dated                                                          2007 | )      | Attorney-in-fact                                         |
| in      the presence of:                                                                                                                                                                                                                                                                                                                | )      |                                                     |
|                                                                                                                                                                                                                                                                                                                                    |   |                                                     |
| ....................Witness                                                                                                                                                                                                                                                                                     |   |                                                     |
|                                                                                                                                                                                                                                                                                                                                    |   |                                                     |
| Name:                                                                                                                                                                                                                                                                                                                                   |   |                                                     |
| Address:Occupation:                                                                                                                                                                                                                                                                                                                     |   |                                                     |

----

| SIGNED,      SEALED and DELIVERED as a DEED                                                                                                                                                                                                                                                                                             | )      |                                                     |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------|
| by                                                                                                                                                                                                                                                                                                                                      | )      |                                                     |
| for      and on behalf of                                                                                                                                                                                                                                                                                                               | )      |                                                     |
| HSH      NORDBANK AG                                                                                                                                                                                                                                                                                                                    | )      |                                                     |
| pursuant      to a power of attorney                                                                                                                                                                                                                                                                                                    | )      | ........................ |
| dated                                                          2007 | )      | Attorney-in-fact                                         |
| in      the presence of:                                                                                                                                                                                                                                                                                                                | )      |                                                     |
|                                                                                                                                                                                                                                                                                                                                    |   |                                                     |
| ....................Witness                                                                                                                                                                                                                                                                                     |   |                                                     |
|                                                                                                                                                                                                                                                                                                                                    |   |                                                     |
| Name:                                                                                                                                                                                                                                                                                                                                   |   |                                                     |
| Address:Occupation:                                                                                                                                                                                                                                                                                                                     |   |                                                     |

| SIGNED,      SEALED and DELIVERED as a DEED                                                                                                                                                                                                                                                                                             | )      |                                                     |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------|
| by                                                                                                                                                                                                                                                                                                                                      | )      |                                                     |
| for      and on behalf of                                                                                                                                                                                                                                                                                                               | )      |                                                     |
| HSH      NORDBANK AG                                                                                                                                                                                                                                                                                                                    | )      |                                                     |
| pursuant      to a power of attorney                                                                                                                                                                                                                                                                                                    | )      | ........................ |
| dated                                                          2007 | )      | Attorney-in-fact                                         |
| in      the presence of:                                                                                                                                                                                                                                                                                                                | )      |                                                     |
|                                                                                                                                                                                                                                                                                                                                    |   |                                                     |
| ....................Witness                                                                                                                                                                                                                                                                                     |   |                                                     |
|                                                                                                                                                                                                                                                                                                                                    |   |                                                     |
| Name:                                                                                                                                                                                                                                                                                                                                   |   |                                                     |
| Address:Occupation:                                                                                                                                                                                                                                                                                                                     |   |                                                     |

----

| SIGNED,      SEALED and DELIVERED as a DEED                                                                                                                                                                                                                                                                                             | )      |                                                     |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------|
| by                                                                                                                                                                                                                                                                                                                                      | )      |                                                     |
| for      and on behalf of                                                                                                                                                                                                                                                                                                               | )      |                                                     |
| HSH      NORDBANK AG                                                                                                                                                                                                                                                                                                                    | )      |                                                     |
| pursuant      to a power of attorney                                                                                                                                                                                                                                                                                                    | )      | ........................ |
| dated                                                          2007 | )      | Attorney-in-fact                                         |
| in      the presence of:                                                                                                                                                                                                                                                                                                                | )      |                                                     |
|                                                                                                                                                                                                                                                                                                                                    |   |                                                     |
| ....................Witness                                                                                                                                                                                                                                                                                     |   |                                                     |
|                                                                                                                                                                                                                                                                                                                                    |   |                                                     |
| Name:                                                                                                                                                                                                                                                                                                                                   |   |                                                     |
| Address:Occupation:                                                                                                                                                                                                                                                                                                                     |   |                                                     |

| SIGNED,      SEALED and DELIVERED as a DEED                                                                                                                                                                                                                                                                                             | )      |                                                     |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------|
| by                                                                                                                                                                                                                                                                                                                                      | )      |                                                     |
| for      and on behalf of                                                                                                                                                                                                                                                                                                               | )      |                                                     |
| CREDIT      SUISSE                                                                                                                                                                                                                                                                                                                      | )      |                                                     |
| pursuant      to a power of attorney                                                                                                                                                                                                                                                                                                    | )      | ........................ |
| dated                                                          2007 | )      | Attorney-in-fact                                         |
| in      the presence of:                                                                                                                                                                                                                                                                                                                | )      |                                                     |
|                                                                                                                                                                                                                                                                                                                                    |   |                                                     |
| ....................Witness                                                                                                                                                                                                                                                                                     |   |                                                     |
|                                                                                                                                                                                                                                                                                                                                    |   |                                                     |
| Name:                                                                                                                                                                                                                                                                                                                                   |   |                                                     |
| Address:Occupation:                                                                                                                                                                                                                                                                                                                     |   |                                                     |

| SIGNED,      SEALED and DELIVERED as a DEED                                                                                                                                                                                                                                                                                             | )      |                                                     |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------|
| by                                                                                                                                                                                                                                                                                                                                      | )      |                                                     |
| for      and on behalf of                                                                                                                                                                                                                                                                                                               | )      |                                                     |
| THE      GOVERNOR AND COMPANY                                                                                                                                                                                                                                                                                                           | )      |                                                     |
| OF      THE BANK OF SCOTLAND                                                                                                                                                                                                                                                                                                            |   |                                                     |
| pursuant      to a power of attorney                                                                                                                                                                                                                                                                                                    | )      | ........................ |
| dated                                                          2007 | )      | Attorney-in-fact                                         |
| in      the presence of:                                                                                                                                                                                                                                                                                                                | )      |                                                     |
|                                                                                                                                                                                                                                                                                                                                    |   |                                                     |
| ....................Witness                                                                                                                                                                                                                                                                                     |   |                                                     |
|                                                                                                                                                                                                                                                                                                                                    |   |                                                     |
| Name:                                                                                                                                                                                                                                                                                                                                   |   |                                                     |
| Address:Occupation:                                                                                                                                                                                                                                                                                                                     |   |                                                     |

----

| SIGNED,      SEALED and DELIVERED as a DEED                                                                                                                                                                                                                                                                                             | )      |                                                     |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------|
| by                                                                                                                                                                                                                                                                                                                                      | )      |                                                     |
| for      and on behalf of                                                                                                                                                                                                                                                                                                               | )      |                                                     |
| DRESDNER      BANK AG                                                                                                                                                                                                                                                                                                                   | )      |                                                     |
| pursuant      to a power of attorney                                                                                                                                                                                                                                                                                                    | )      | ........................ |
| dated                                                          2007 | )      | Attorney-in-fact                                         |
| in      the presence of:                                                                                                                                                                                                                                                                                                                | )      |                                                     |
|                                                                                                                                                                                                                                                                                                                                    |   |                                                     |
| ....................Witness                                                                                                                                                                                                                                                                                     |   |                                                     |
|                                                                                                                                                                                                                                                                                                                                    |   |                                                     |
| Name:                                                                                                                                                                                                                                                                                                                                   |   |                                                     |
| Address:Occupation:                                                                                                                                                                                                                                                                                                                     |   |                                                     |

----